Tag: Support

XRP Tests 200 EMA Breakout As Descending Channel Support Holds

XRP is approaching a pivotal technical moment as it pushes against the 200 EMA while holding firm at the base of a descending channel. With support still intact and momentum building near resistance, the chart is compressing into a potential breakout setup. A confirmed move above the EMA could shift short-term sentiment, while failure would keep the broader corrective structure in play. XRP Tests The 200 EMA Barrier According to technical analyst Egrag Crypto, XRP is currently attempting a significant breakthrough as it pushes against the 200 EMA. This move…

Western Union Partners with Crossmint to Support USDPT Stablecoin on Solana

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Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its new Digital Asset Network on the Solana blockchain.  Wednesday’s announcement said the collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin and connect to Western Union’s global payout network. That Digital Asset Network is intended to link stablecoins with the company’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000…

Bitcoin Price Consolidates Above Support, Bullish Bias Strengthens

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Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. There is a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,000 and $66,550 levels. Bitcoin Price Corrects Lower From…

Bitcoin Coiling At Key Support — Major Move Brewing

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Bitcoin is tightening its range at a critical support zone, with price action compressing after weeks of sideways movement. As volatility contracts and momentum build beneath key resistance, the market appears to be preparing for a decisive breakout. With major support holding for now, the stage is set for a significant move.  Consolidation Zone Signals Strategic Accumulation Crypto analyst Donald Dean highlights that Bitcoin is currently in a prime position for consolidation and accumulation. Currently, price action continues to respect a crucial support trendline, with steady buying activity occurring near…

Dogecoin (DOGE) Slips Toward Critical Support, Breakdown Threat Emerges

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Dogecoin started a recovery wave above the $0.0925 zone against the US Dollar. DOGE is now facing hurdles near $0.0970 and might struggle to continue higher. DOGE price started a recovery wave from $0.0880 and climbed above $0.0950. The price is trading below the $0.0955 level and the 100-hourly simple moving average. There is a contracting triangle forming with support at $0.0920 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance…

Ethereum Price Support Intact, but Market Signals Waning Bullish Momentum

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Ethereum price started a fresh increase from $1,840. ETH is now consolidating gains and might aim for another increase above $2,000. Ethereum started a fresh upward move above the $1,900 zone. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $1,880 zone. Ethereum Price Remains Above Support Ethereum price managed to form a…

Here’s Why Bitcoin Must Hold Crucial Support At $63,111 – Analyst

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The Bitcoin market recorded another week of volatile price action, but continues to consolidate a defined range between $60,000 – $70,000.  Bearish sentiments remain at a heightened level, considering the downtrend observed in recent months and the non-confirmation of a cycle bottom.  Notably, recent on-chain data has revealed the importance of a particular support level, which, if breached, could expose investors to steeper downsides and extend the crypto winter. URPD Indicator Shows Fragile Market Set-Up – Details In an X post on February 27, market analyst Ali Martinez shared insights…

Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst

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An analyst has pointed out where Solana support levels could lie based on a Parallel Channel forming in the asset’s weekly price chart. Solana Parallel Channel Could Indicate Support At These Levels In a new post on X, analyst Ali Martinez has discussed how support is looking for Solana from the perspective of a Parallel Channel that may be emerging in its 7-day price. The “Parallel Channel” is a pattern from technical analysis (TA) that forms whenever an asset trades between two parallel trendlines. There are a few different ways…

Flip These Key Resistance Levels to Support

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Bitcoin bulls were battling to flip three resistance levels back into support by the end of the week, but history shows they may need to wait another month. Bitcoin (BTC) is battling three key resistance levels at once, and the end of the bear market may depend on breaking them in March. Key takeaways: Bitcoin still faces three resistance levels on the weekly chart after its midweek gains. Bitcoin is down 14% in February, the fifth consecutive red month for BTC price. Bitcoin bulls attempt three support flips Data from…

XRP Triangle Could Point To Support Between $0.60 And $0.90

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…